By Jov Onsat| rigzone.com |Twelve countries surrounding the Baltic Sea and the North Sea have jointly agreed on “further action” to ward off...
Comstock Inc. (NYSE: LODE) announced today that its subsidiary, Comstock Fuels Corporation, has been approved for a $3 million incentive award from...
William G. Skelly aka William Grove “Bill” Skelly, born to the humble beginnings of Irish and English immigrants in Erie, Pennsylvania, on...
Colorado’s Energy and Carbon Management Commission (ECMC) has unveiled further details regarding the alleged manipulation of contamination data at numerous oil and...
Trevor Hawes |Midland Telegram-Reporter | Banks maintained a “stay the course” mentality during the fall credit redeterminations season, but among the questions...
A recent report from the Biden administration on the environmental impact of increasing liquefied natural gas (LNG) exports has the potential to...
Credit |by Bloomberg, via RigZone.com|L.Kassai, R.Tuttle, E.Elkin| When President-elect Donald Trump announced his plan to impose tariffs on goods coming from Canada...
Russia’s state-owned oil company Rosneft has finalized a significant agreement to supply nearly 500,000 barrels per day (bpd) of crude oil to...
In a story in the New York Times,Rebecca F. Elliott writes that electricity demand is rising so quickly in the United States...
In an impactful move set to strengthen its foothold in the Delaware Basin, Kinetik Holdings Inc. (NYSE: KNTK) has announced a $180...
ExxonMobil's third-quarter financial report showed mixed results. Net profits of $8.6 billion decreased 5.1% from the previous year, primarily due to weaker refining margins. However, the company maintained strong shareholder returns, distributing nearly $10 billion through dividends (increased by 4%) and share repurchases. The company's performance was bolstered by record oil and natural gas production in Guyana, strong Permian Basin output, and $11.3 billion in structural cost savings.
The broader energy market context showed some challenges, with crude oil prices falling about 15% since the end of the second quarter. CEO Darren Woods attributed this to a market imbalance, noting record demand for oil and petroleum products and abundant supply, particularly from U.S. unconventional developments. Similarly, competitor Chevron reported a more significant decline in profits, down 31% to $4.5 billion, though they too achieved record shareholder returns of $7.7 billion and strong production in the Permian Basin.
By Jonathan Saul | LONDON (Reuters) – At least 65 oil tankers have dropped...
Thomas Baker “Tom” Slick Sr., born on October 12, 1883, in Shippenville, Pennsylvania, emerged...
When it comes to leasing oil and gas mineral rights, mineral owners often find...
“The new administration will lift regulations, stop subsidizing green energy and seek LNG build-outs...
Story by Andreas Exarheas| RigZone.com |. Oil market sentiment appears to have improved significantly...
Langford Energy Partners (LEP), a private oil and gas operator, has announced the purchase...
The Biden-Harris administration is taking a notable step to safeguard northeast Nevada’s Ruby Mountains...
The U.S. energy industry recently experienced an extraordinary run of oil and gas mergers...
The Permian Basin continues to dominate the U.S. oil production landscape, while other maturing...
Texas set a series of new milestones in 2024 for its oil and natural...
Story by Bloomberg|Mia Gindis | Oil slipped from a five-month high as Hamas and Israel tentatively...
By JENNIFER McDERMOTT | AP | Chris Wright, President-elect Donald Trump’s pick for energy secretary, told...
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